Bitcoin Rises. Guess Who's Buying Even More Crypto. -- Barrons.com

Dow Jones

19 Feb

By George Glover

Bitcoin was climbing on Wednesday, putting the cryptocurrency on course to snap a three-day losing streak.

The largest token by total market capitalization climbed 1.8% to $95,809 in early trading. It's about 14% off last month's record high of just over $109,000.

Bitcoin has been on a bad run since U.S. President Donald Trump's inauguration, dragged down by worries about sticky inflation and bulls' disappointment that the new administration is yet to follow through on some of its boldest crypto campaign policies.

Its slight rebound Wednesday could be because the world's biggest corporate holder of the token signaled that it would buy even more. MicroStrategy, the software company that changed its name to Strategy earlier this month, said it would offer $2 billion worth of convertible notes to fund further Bitcoin purchases.

MicroStrategy owned about 480,000 Bitcoins as of Feb. 10, although it pumped the brakes on its buying spree in recent weeks. The company bought the token for 11 straight weeks between Nov. 11 and Jan. 27, but has only disclosed one purchase since then.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 19, 2025 05:12 ET (10:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Guess Who's Buying Even More Crypto. -- Barrons.com","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  Bitcoin was climbing on Wednesday, putting the cryptocurrency on course to snap a three-day losing streak. \n</p>\n<p>\n     The largest token by total market capitalization climbed 1.8% to $95,809 in early trading. It's about 14% off last month's record high of just over $109,000. \n</p>\n<p>\n     Bitcoin has been on a bad run since U.S. President Donald Trump's inauguration, dragged down by worries about sticky inflation and bulls' disappointment that the new administration is yet to follow through on some of its boldest crypto campaign policies. \n</p>\n<p>\n     Its slight rebound Wednesday could be because the world's biggest corporate holder of the token signaled that it would buy even more. MicroStrategy, the software company that changed its name to <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> earlier this month, said it would offer $2 billion worth of convertible notes to fund further Bitcoin purchases. \n</p>\n<p>\n     MicroStrategy owned about 480,000 Bitcoins as of Feb. 10, although it pumped the brakes on its buying spree in recent weeks. The company bought the token for 11 straight weeks between Nov. 11 and Jan. 27, but has only disclosed one purchase since then. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 05:12 ET (10:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Bitcoin Rises. 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Guess Who's Buying Even More Crypto. -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-19 18:12</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  Bitcoin was climbing on Wednesday, putting the cryptocurrency on course to snap a three-day losing streak. \n</p>\n<p>\n     The largest token by total market capitalization climbed 1.8% to $95,809 in early trading. 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The company bought the token for 11 straight weeks between Nov. 11 and Jan. 27, but has only disclosed one purchase since then. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 05:12 ET (10:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"83042","symbol_name":"华夏比特币-R","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512723781","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512723781","pubTimestamp":1739959920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitcoin was climbing on Wednesday, putting the cryptocurrency on course to snap a three-day losing streak.The largest token by total market capitalization climbed 1.8% to $95,809 in early trading. 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It's about 14% off last month's record high of just over $109,000. \n\n\n     Bitcoin has been on a bad run since U.S. President Donald Trump's inauguration, dragged down by worries about sticky inflation and bulls' disappointment that the new administration is yet to follow through on some of its boldest crypto campaign policies. \n\n\n     Its slight rebound Wednesday could be because the world's biggest corporate holder of the token signaled that it would buy even more. MicroStrategy, the software company that changed its name to Strategy earlier this month, said it would offer $2 billion worth of convertible notes to fund further Bitcoin purchases. \n\n\n     MicroStrategy owned about 480,000 Bitcoins as of Feb. 10, although it pumped the brakes on its buying spree in recent weeks. The company bought the token for 11 straight weeks between Nov. 11 and Jan. 27, but has only disclosed one purchase since then. \n\n\n     Write to George Glover at george.glover@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 05:12 ET (10:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}